AKM Zamir Uddin

Senior Staff Reporter covering the economy and banking sector in Bangladesh for more than 12 years

January 13, 2023
January 13, 2023

Lanka gets 6 more months to repay BB’s $200m

Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis. 

January 13, 2023
January 13, 2023

Nagad Finance inches closer to running MFS operation

The Bangladesh Bank yesterday decided in principle to allow Nagad Finance PLC, a proposed non-bank financial institution (NBFI), to run mobile financial services. 

January 12, 2023
January 12, 2023

Sri Lanka given 6 more months to repay Bangladesh’s $200m loan

Bangladesh Bank today granted Sri Lanka six more months to repay the $200 million loan after the Island nation requested to extend the repayment period due to its prolonged economic crisis.

January 12, 2023
January 12, 2023

Desperate, banks ignore own rates for collecting remittance

In a desperate attempt at collecting the greenback to meet immediate requirements, a good number of banks are ignoring directives of two lenders’ organisations to not offer over Tk 107 for each US dollar coming in as remittance. 

January 11, 2023
January 11, 2023

Interbank lending rate goes past 9% cap for liquidity crunch

Cash-strapped banks are borrowing from cash-rich lenders paying more than 9 per cent in interest rate, which is above a cap set by the central bank, as an unprecedented liquidity crunch has hit the banking sector of Bangladesh. 

January 6, 2023
January 6, 2023

Govt keeps borrowing heavily from BB

The government continues to borrow from Bangladesh Bank on a large scale as commercial banks are now unable to finance the state due to liquidity crunch.

January 5, 2023
January 5, 2023

Forex market continues to stay under pressure

Come January there won’t be any volatility in the foreign exchange market -- was the overarching message from the government in the past couple of months. January has arrived, and the situation is dicey as before.

January 3, 2023
January 3, 2023

Four more Islamic banks take BB emergency loans

Four more shariah-based banks have been found to have taken emergency funds, which are usually taken during extraordinary circumstances, in an attempt at dressing up their balance sheet for last year.

January 2, 2023
January 2, 2023

Islami Bank takes emergency Tk 8,000cr from BB

Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.

December 28, 2022
December 28, 2022

BB to dissolve Uttara Finance board for scams

Bangladesh Bank yesterday decided to dissolve the board of directors of the Uttara Finance and Investments over major financial irregularities involving Tk 5,100 crore it had unearthed two years ago.